New England Economic Development Corp.
Massachusetts Brownfields Redevelopment Financial Services Finance / Insurance
New England Economic Development provides consulting services to municipalities, developers and businesses in the field of economic development. Its main emphasis has been to provide advice and complete projects that utilize local, state and federal financing programs. In particular, it has developed financial, legal and political skills that are used to access loans, grants, tax credits and other incentives or funding mechanisms for the development of public infrastructure and environmental remediation. The Company has developed a specialty in the qualification of tax credits and their sale under the Massachusetts Brownfields program. This had been a largely untapped resource for both for profit and non-profit entities. The Company has developed the skill set to qualify the credits with the Massachusetts Department of Revenue, identify purchasers of the credits and close the transaction. The Company has qualified, and sold over $205 million in credits for 135 projects.